The Hindu Business Line : Friday, August 18, 2006

ANNOUNCEMENTS
KSB Pumps launches new pumpset
KSB Pumps has launched an openwell submersible pumpset - Monosub R. The product will be available from September through the company's distribution chain, said Mr P.S Joshi, General Manager, ... More

OVERSEAS BORROWINGS
Cos borrowed $ 3b overseas in April, May
Indian Companies borrowed $3.36 billion (equivalent to Rs 15,450 crore) overseas during the first two months of the fiscal 2006-07. To put that in perspective, banks have lent about Rs 50,000 crore during the first four months of the fiscal. ... More

RESTRUCTURING
Godrej Furniture unifies business
Godrej Furniture and Interiors Group has unified its home, office and special projects business under the name Godrej Interio. Godrej Interio is an amalgamation of time-tested values of quality and trust of Godrej and a ... More

Essar Group launches Cyprus-registered arm
Essar Shipping, Vadinar Oil to be brought under new co More

MERGERS & ACQUISITIONS
Britannia plans to raise stake in Daily Breads to 50 pc
Britannia Industries Ltd said that it was planning to increase its stake in the recently acquired Bangalore-based Daily Breads Pvt Ltd to 50 per cent. "We are looking at increasing stake in Daily Breads Pvt Ltd from the current strategic stake ... More

Serum Institute acquires 14 pc stake in Lipoxen
Serum Institute of India Ltd (SIIL), manufacturers of measles and DTP vaccines in the global market, has picked up a 14 per cent stake in Lipoxen PLC, a biopharmaceutical company specialising in the development of differentiated biologicals, ... More

NEW PROJECTS
Nippon Paint plans new manufacturing units by 2008
Nippon Paint of Japan, which launched its India operations from Chennai last month, would go pan-India after it readies manufacturing facilities in the first quarter of 2008. On the eve of its foray into the paint market in Hyderabad, Mr ... More

SOCIETY & DEVELOPMENT
ITC's gesture to flood victims
As the unprecedented floods hit people along the Godavari basin, employees of ITC Paperboards and Speciality Papers Division unit, Bhadrachalam, and their kin have joined efforts to help out the flood victims. The employees, along with their ... More

DIVERSIFICATION
Enam into insurance broking
Enam Financials Consultants Pvt Ltd has decided to venture into the insurance broking business through Enam Insurance Broker Pvt Ltd. The new firm will offer insurance products to corporates and individuals in the life and the non-life insurance ... More

OUTLOOK
TVS group to expand MyTVS chain
To set up 450 centres across the country with an investment of Rs 225 cr More

PERFORMANCE
Wipro registers 40 pc growth in medical equipment sales
Wipro GE Medical Systems, leaders in medical diagnostic technology, has registered a 40 per cent growth in the sale of medical equipment in Kerala last year. The company, which achieved a business of Rs 46 crore last year, is targeting a ... More